Shanghai Bestway secures double jackup rig contract

Shanghai Bestway secures double jackup rig contract

Shanghai: Shanghai Bestway Marine Engineering Design has announced that subsidiary, Shanghai Bestway Marine Machinery Equipment Import and Export Company, has secured a contract to build two jackup rigs for Meikesi Offshore Engineering.

The two rigs will be built by another subsidiary, Jiangsu Dajin Heavy Industry, and are priced at $58m each.

Shanghai Bestway reported a net profit of RMB55.8m ($8.9m) for 2014, showing year-on-year growth of 307.12%.

Katherine Si

Having majored in English Katherine started out at news portal ShippingChina.com where she rose to become News Editor. In 2008 she moved to work with Sam Chambers and has since held numerous positions including China correspondent for Seatrade magazine. Katherine is in touch with Chinese owners and yards on a daily basis and has had many prestigious news scoops reporting China’s fast evolving maritime scene.

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